Prohibition Of The Use Of Marijuana - 1626 Words

Topic: Prohibition of the use of Marijuana General purpose: to argue Specific purpose: to squabble that the use of marijuana is very harmful to the health of the students and young persons and government should prohibit the use of it in USA. Thesis Statement: the use of marijuana should be prohibited as 1) it is disturbing the health of the students. 2) Due to its use, many students are unable to do extremely well in their studies. 3) Their future is being ruined due to its use. Introduction I. (Attention getter)The following statement of Kofi Annan Ghanaian Diplomat who served as the 7th Secretary-General of the United Nations â€Å"The main point in [our] report was to suggest decriminalization†¦because of the way laws are applied, which has not worked. We have executed them for decades and it’s got the prisons filled with lots of young individuals who sometimes come out shattered for having half an ounce†¦ [W]e should approach it through education [and] health issues rather than an atrocious reaction†¦ There is requirement for change in policy, but it has to start with debate and discussion†¦ I think the whole approach has to be reviewed.† II. (Topic Justification): according to the new study, the college students in USA are using Marijuana on daily basis. the researchers said, A. â€Å"In 2014, 5.9 percent of college students said they smoked marijuana 20 or more times in the previous month. That s up from 3.5 percent in 2007, and is the highest rate of near-daily use reportedShow MoreRelatedMarijuana Prohibition : Why The United States Should Prohibited The Use Of Marijuana1430 Words   |  6 PagesCannabis Prohibition: Why the United States should prohibit the use of Cannabis. In this paper I discuss why Cannabis should not be liberated in the United States. My focus and concerns are to the harm Cannabis is bringing to society now a days. In the United States more people are being influenced and being in favor of this famous â€Å"Drug Addiction† causing by illusions as ignorance is taking over and affecting a nation that is role models to many other nations. Awareness of after effects of drugsRead MoreMarijuana Prohibition Is A Failure And A Waste Of Resources864 Words   |  4 PagesAbraham Lincoln once said Prohibition goes beyond the bounds of reason in that it attempts to control a man s appetite by legislation, and makes a crime out of things that are not crimes.† The prohibition of marijuana has proven to be a failure and a waste of resources. In addition, prohibition has hurt society more than it has helped. Also, marijuana can be used as a medicine to treat many life threatening illnesses. The legalization of marijuana will generate enormous tax revenue, reduce crimeRead MoreEssay on Marijuana528 Words   |  3 PagesMarijuana Marijuana is a drug that has been used for thousands of years. Marijuana was used in ancient China, as far back as 5000 B.C. The Incans and Mayans used marijuana in religious ceremonies. Marijuana also has roots in this country. The Indians of the plains used marijuana in their peace pipes as a sign of friendship and peace. After prohibition there was a sharp rise in the use of this drug in America, but after prohibition was repealed the use went down. In the 1920s and 30sRead MoreShould Marijuana Be Legalized?1118 Words   |  5 Pagesover-exaggerated jail sentences (pertaining to marijuana charges) is a very big problem in the US. I chose this topic because I had heard so many horror stories of people being sentenced at least 9-10 years on marijuana possession charges just to fill prisons, and it made me extremely upset. What angered me even more was the proof of racially motivated arrests/sentencing in many instances of unjust marijuana related arrests. While these people w ere â€Å"busted† for carrying marijuana and subsequently jailed for decadesRead MoreMarijuana Legalization Why is it the Best Choice for America?1306 Words   |  6 PagesMarijuana, the most abused drug in America, has had a lot of publicity recently. Marijuana has caused multiple economic problems within the U.S. A controversial question has arisen from the increased popularity and troubles of this drug. The question is whether or not the U.S. government should legalize marijuana possession and sale in the country. Many Americans believe that the drug should be legalized for various reasons; others, however, are against the legalization of the dangerous drug. WhileRead MoreLegalizing Marijuana Speech Essay1350 Words   |  6 Pagesworld on weather or not to legalize marijuana. The prohibition of marijuana is holding up the improvement of social and economic developments. Introduction I. [Attention-Getter] Would you want the government limiting how much coffee you can drink or how much cheesecake you’re allowed to eat? According to Dr. Paul Phinney, president-elect of the California medical association has found these types of foods to be just as addictive if not more than marijuana. a. According to this sameRead MoreMarijuana Should be Legalized for Medical and Recreational Use1742 Words   |  7 Pagesacross medical marijuana while trying to research JJ’s problems and after discussing it with his doctors decided to give it a try. She took him off all his medications and put the marijuana in a muffin in amounts prescribed and monitored by the doctor. JJ’s behavior issues declined almost immediately. He is polite, eager to learn and interacts well with teachers and students at school. Now he talks through his questions and problems instead of acting out due to frustration. Marijuana has been usedRead More Marijuana Legalization Why is it the Best Choice for America?1375 Words   |  6 PagesMarijuana Legalization Why is it the Best Choice for America? Marijuana, the most abused drug in America, has had a lot of publicity recently. Marijuana has caused multiple economic problems within the U.S. A controversial question has arisen from the increased popularity and troubles of this drug. The question is whether or not the U.S. government should legalize marijuana possession and sale in the country. Many Americans believe that the drug should be legalized for various reasons; others,Read MoreShould Cannabis Be Legalised?1595 Words   |  7 PagesCannabis originated from Central Asia generations ago, with references to Cannabis dating back to medical and religious Chinese and Indian texts. Cannabis was also used in the West as hemp fibre, for industrial purposes, before it was used for medical use by W.B. O’Shaughnessy. Through this essay, I will be evaluating cannabis as a recreational drug, which has occurred since the 1840’s seen in hashish clubs and bars, and will be analysing the advantages and disadvantages of the legalisation and criminalisationRead MoreThe Drug Enforcement Agency Defines A Schedule 1 Substance909 Words   |  4 Pages On August 14, 1970, the Assistant Secretary of Health, Dr. Roger O. Egeberg wrote a letter recommending the plant, marijuana, be classified as a schedule 1 substance, he succeeded and it has remained that way for nearly 45 years. The Drug enforcement agency defines a schedule 1 substance as â€Å"drugs with no currently accepted medical use and a high potential for abuse. Schedule I drugs are the most dangerous drugs of all the drug schedules with potentially severe psychological or physical dependence

Our Emotions Diary Free Essays

Identifying and measuring our emotions is difficult because it is not easy to objectively assess what we are feeling at that specific situation for emotions are subjective experiences. To accurately identify the range of our emotions and to classify it correctly takes greater control and self-awareness that I could not possibly muster. I have tried to identify the emotions based on the situations that triggered it. We will write a custom essay sample on Our Emotions Diary or any similar topic only for you Order Now The James-Lange theory of emotion said that we first have physiological responses to a situation and only then will we interpret those experiences to determine the present emotion (Zajonc McIntosh, 1992). Which is actually how most of us respond to an situation, like when I knew I felt anxious because I was feeling uneasy by getting late for class. On the other hand, I also felt confused on whether I got it mixed up; whether I experienced the situation and then the physiological arousal together with the emotion occurred at the same time, the Cannon-Bard theory supports this explanation although they did not give much importance to the thoughts that occur during that experience (Stein, Trabasso Liwag, 1993). Although, we get to experience a myriad of emotions and in varying degrees, some emotions are easier to identify like happiness and anger, while differentiating being upset from being sad is difficult. I could categorize it according to whether it is positive or negative and when I smiled I knew that I was happy at that time. Facial feedback theory says that the facial changes that occur in response to an event cues our brain and then define what kind of emotion we feel at that moment (Strongman, 1996). I also observed that we tend to respond to facial expressions, like when a person burst into tears we know that she is sad or afraid. With this activity, I learned that emotions, physical arousal, cognitive thoughts, and our brain interact together to produce different emotions. As to how all these element interact remains to be discovered, which I think will always be an aspect that will remain a mystery. References Stein, N., Trabasso, T. Liwag, M. (1993). The representation and organization of emotional experience: Unfolding the emotion episode. In M. Lewis J. M. Haviland (Eds.), Handbook of Emotions (pp. 279-300). New York: Guilford. Strongman, K. (1996). The Psychology of Emotion: Theories of Emotion in Perspective, 4th ed. New York: John Wiley Sons. Zajonc, R. McIntosh, D. (1992). Emotions research: Some promising questions and some questionable promises. Psychological Science, 3, 70-74. How to cite Our Emotions Diary, Papers

Critical Perceptions of Organisational Change

Question: Discuss about the Critical Perceptions of Organisational Change. Answer: Introduction For achieving competitive advantage, an organization needs to accept change as it states that change is a necessary element that brings light to positivity. There are time planning and various initiations that will determine the most effective planning which is possible by strategic planning in an organization. So, change management is accepted for organizational development and this leads to acquiring more and more knowledge by changing the culture, structure or even a planning process that enhances an array of improvement for large organizations. Employee engagement and employee involvement need to be adopted so that employees are feeling a level where communication and level of expectation is estimated to be higher. As such there are numerous changes that need to be recorded when an organization accepts the change where the efforts are made for development purpose. Appropriate behavior with employees, communication process and team management skills are encouraged to improve the p ositive impacts of change management (Rouse, 2011). The series of observable is being noticed at some point to gain an importance wherein employees should be treated with heart as assets of the company. The change agents in an organization constantly strive to achieve competitive advantage. The main claim of the article is organizational change management by considering work culture and employees behaviour. The article provides an insight for the managers and the leaders to take initiative for the organizational change. Not only the leaders leading the change strategies, but also the research and analysts who seek the knowledge to start up a change method in an organization, this article can provide an overview for the points of consideration. Material the article present and the evidence fact, research, opinion, or personal experience The article presents a combination of research made over the organizations that has achieved organizational change goals with the stipulated strategies and produces the facts and figures for the organizations that have made a difference in an organization and the employees culture and behavior by implementing organizational change management. The article depicts the methodology executing the way the organizations have input their efforts to create a healthy change. Various examples of the different big corporations that have strategically felt the need for the change and hence undertook drastic transform in their employees as well organized. The examples of the transformation of the GE, Compaq and salvage of Sears are also briefly mentioned. It pours light on theories of various authors such as John Kotter and Dan Cohen from Harvard Business School, Jeanie Daniel Duck and various other authors are being stated here representing their framework, methods and ideology on the change management. Majorly the article highlights the reasons for the failure of the organizational change, how these errors are deeply rooted in the organizational behaviors and on the study of that the managers have failed to recognize the importance of change as transformations happens only through focus on facts and affecting emotions. Key arguments made in the text, in regard to the sources of change In an organization, all the change processes are due to some reason, compel, foundation or origin of the organizational change (Dibella, 2007). Either it is environmental pressure or the internal pressure, every organizational change has its base and these reasons are the origin of the organizational change. Every organization can make an effective change if the needs of the employee and the business are well discussed in terms of its requirements and communicating the vision and mission in a way to achieve the targets and managers should lead the employees for the same. There is a point of view, stating the failure of the organizational change due to the lack of understating in the managers to create an importance of change in the employees, which would enable them to execute the planned processes and make an effort towards the organizational goals. The argument further continues to that due to the communication gap of delivering the need for change and in the absence of the powerful coalition such failures are bound to happen. It also concludes with that when the power of specific vision is underestimated, stakeholders are not communicated well enough or obstacles hinder the attainment of the goals (Rouse, 2011). The early announcement of the success of change, lack of creating enthusiasm and motivation to carry on the change processes, neglecting the change in the corporate culture might also result to the breakdown of organizational change. However, the biggest illusion is that the organization changes, whereas, organization dont change but the employees behavior change. Their perspective to make a difference yields change in an organization. If the need to change is professed as an endeavor to build optimistic effects counting, the development of individual power and a more motivating job, individuals can be anticipated to resist the plan that is part of the overall change effort. Nevertheless, the authors state the theory that if the feelings and emotions to change are affected than the heart makes it easier for the effective change. It is said that there is no space for feelings at workplace, but the new paradigm says that it is how they are dealt with (Rouse, 2011). Change is essentially about feelings for organizations to understand that how the workers needs to contribute to their brains and feelings and acknowledge that emotions are essential for the new management change. Its all about managing people; managing feelings. The organization needs to take risks to develop an understanding of the need of real change. Just providing the data wont be enough, the individuals need to make perceive the need of change. Managers need to determine to involve the people to be part of the powerful coalition and implant confidence and trust to make the change happen (Balogun Hope, 2008). The foreseeing of the vision to be completed is the ultimate organizational risk for the managers to accomplish. Thus, to make the organizational change a success the leadership is essential to incorporate the commitment in the employees for the change to happen, allow the employees to express what they feel about the new changes, make certain that the short-term accomplishments can be eminent (Dibella, 2007). It would conclude that the continual change would make the change effort a success. The arguments are appropriately balanced, looking at the issue or problem from relevant perspectives. Employees are one of the most valuable assets of any organization; this asset is a key element of the organizational development and success. There is no single change methodology that fits any organization, but it is rather a set of tools, practice, technology and techniques that can be adapted to different situations arising in the organization (Van et al. 2013). The arguments seem balanced and it shares several perspectives about the issues pertaining in change efforts by Professor John Kotter. If we see a large organization, then it seems bit unusual that the leaders are still making the same mistakes that professor Kotter has outlined years ago leading to a change effort failure by a shear negligence of under communication, lack of goal setting, bad team management, etc. The reading very strongly tries to convince us that the managerial or leaders implication on change management through the engagement of mind is not just substantial for the better and healthy growth of the orga nizations and even if it is it wont last long. The reading focuses on having the managerial implications through both mind and emotions because when a manager or leader gives a message in a way that creates an emotional response, there will be a greater number of individual changing their behavior and it is obvious (Balogun Hope, 2008). Treating a person in a certain way and will respond in a predictable manner. Change is up to an individual, and even after taking the managerial implications with both mind and heart what if the employee still fails to contribute to the change. The opposition will undoubtedly help the organization to find the errors, but still it can be harmful if it not taken care of. The reading doesnt seem biased as it offers a varied perspective of where the issues are arising in the change efforts tough it talks less about what the employees roles are. All the major counter arguments presented in the reading, which a leader should keep in mind while presenting and communicating change management to the emplo yees in the organization. Article contribute to the overall topic of change management, general problems and concepts in change management The article focuses on various aspects of change management through head and heart and failure of change efforts in an organization and the counter arguments to get it a success. There are several reasons where the change efforts fail in an organization such as lack of communication of why the change is needed. Failure due to lack of alliance which can communicate the change to the employees. Implementing a change will require a forethought and poor planning here will ultimately lead to failure. Lack of leadership is the major reason why the change efforts are failing (Dibella, 2007). The mangers or leaders are still making the same mistakes. They follow the old change management practice where there were no place for emotions or feeling and if all at emotions are allowed, then only up to a level by which they can be controlled. Change is all about feelings and managing people are managing their feelings. All the organizations who want their employees to contribute to their heads and heart must accept that emotion also play a major role in change management in todays time. If an organization wants a change there has to be 100 percent commitment on the part of leadership. And after having that the same can be demanded from the employee (Grant Marshak, 2011). Thus, Lack of commitment also led to failure in change efforts. Short term wins can play a great role in boosting the employees and creating the enthusiasm in them, and failure to do so will lead to failure in change management (Weiner, 2009). The article also focuses on the counter arguments to the failure of change management such as not just focusing on giving data, but to make the individual realize the need for the change. One of the major counter arguments that act as a remedy is identifying the people to be the part of guiding alliance in order to justify the need for change. It is a leader who should create a vision that i s creative, clear and viable, and should motivate the employees that it can be achieved through a great team work and collective efforts (Dibella, 2007). Communication plays a major role in achieving successful change management, where the individuals should be updated with the required information regularly and should be checked upon if the progress is on the right direction or not. Freedom of expression is very important; one must be allowed to burst out their feelings. There can be both positive and negative beliefs of the strategy implemented which should be allowed to bring upon. If negative comments are not allowed to be brought forward on common ground, then it will be get surpass privately which may lead to poor work ethics. Conclusion The article is important for change management in an organization for development purpose. The skills that are required to ensure the productivity is being discussed in the article. Motivating employees is a vital step that is considered in the leading change framework by an author. There are steps that are being emphasized and the article consists elements that need to be adopted for employees and even for an organization (Van et al. 2013). Motivating the heart is the main concept that an organization should implement in the change process framework as discussed in an organization. From the article the next concept that is discussed is about the real stories about some leaders who have changed the organization with their efforts to change and accept positive elements, this is important as it encourages the positive impact overall for an organization. Changing the employees who are working on the frontline basis is been learnt from the article about motivating the heart of employees. The strength of an article is about the merits that are gained while bringing the heart and the spirit of the employees in the workplace to gain a positive change with relative examples. The emotional appeals and the organizational change events and programs are being organized to understand the leadership and the skills that leaders gain while implementing change. The article contributes to large and small enterprises that considers change as an important concept for competitive advantage. A person while reading this article will gain an information regarding the change management and the necessity of change management which is utmost important for employees and an organization. There are eight steps that lead to change in this article that speaks about some hard facts and peoples feelings in an emotional level. References Balogun, J. Hope Hailey, V. (2008), Exploring Strategic Change, Prentice Hall, London Dibella, A. (2007), Critical perceptions of organisational change, Journal of Change Management, Vol. 7 No. 3, pp. 231-42. Rouse, W.B. (2011), Necessary competencies for transforming an enterprise, Journal of Enterprise Transformation, Vol. 1 No. 1, pp. 71-92. Van, d.H., Demerouti, E. Bakker, A. (2013), How psychological resources facilitate adaptation to organizational change, European Journal of Work and Organizational Psychology, Vol. 26 No. 6 pp. 1-13. Weiner, B.J. (2009), A Theory of Organizational Readiness for Change, Implementing Science.

Take Advantage of Your Summer on Campus!

Excited to be on a college campus this summer?College summer programs for high school students are great for many reasons. They give students the opportunity to take more difficult classes in the subjects they are interested or even explore classes that aren’t offered in high school. On top of that, they are able to make new friends from all over the country and get to experience what life is like on a college campus. But, before you get caught up with all that the summer program has to offer, we want to remind you of a few things you can take advantage of when you’re on the college campus. Being on campus over the summer is a perfect opportunity for you to learn more about the college and connect with key people in-person. 1. Talk to the Admissions Office Since you’re already on campus, go to the admissions office! Introduce yourself and talk to someone on the admissions team. Ask them questions about the application process and the school’s culture. It’s always good to have a contact in the admissions office in case any complications come up in your application process and you need to reach out to someone in the office. Build a relationship with an admissions officer. 2. Reach Out to Professors Have a subject you’re interested in? Email the professors in the major department you’re interested in and see if you can schedule a time with them to chat. Talk to them in person and learn more about what it’s like to major in the subject, what the potential career paths are, and if there are any research opportunities you can get involved in. At this point, you may not be certain what you’d like to study yet, so explore and find out what it’d be like if you did major in something that piquesyour interest now. 3. Connect with Current College Students Since it is summer, there won’t be that many college students on campus. Having said that, there will still be a handful who are taking courses on campus over the summer or conducting research. Some may even be your camp supervisor or your TA! Talk to them about what it’s like to be a student there. What’s the campus culture like? What do they like/dislike about the school? It doesn’t even have to be specific to the college. It might be more helpful for you to learn more about how they approached the college selection process in general. 4. Check Out the College Town Don’t just focus on the campus. Check out the neighborhood you’re in. Imagine if you did go to school there. Would it be easy to grab dinner off-campus? What are some go-to spots? Are things conveniently located? Are there good outdoor spots you can access if youre into outdoor activities? Since you are there on a summer program, you may not have as much free time to do this, but keep your eyes open! It’s a great opportunity to notice things you care about while you’re there. 5. Explore the City The perks of being a part of a summer program is that there are usually built-in activities that allow you to see what the surrounding or nearby city has to offer to the students who attend college there. It may be a field trip to a museum or theater, a day at a farmers market, or a hiking trip. It’s important to know what your immediate surrounding is around campus, but it’s also good to know what your other options are if you wanted to step away from campus and engage in city life. Applying to college this upcoming school year? For access to our college profiles, upgrade to ourpremium plans, whichoffer different levels of profile access and data insights that can help you get into your dream school.

kansas essays

kansas essays No states creation was more dramatic, more at the center of national attention, more involved in fundamental moral conflict, than that of Kansas. In a sense, the state's history began with the Indians of the area and the Spanish explorers. A moral conflict of pro-slavery forces in the Civil War that led to Bleeding Kansas, and the moral contradiction between a declaration that claimed, all people are created equally. A constitution pragmatically permitting slavery had led to the repeated compromise in American history until the issue found resolution in war. Kansas as a body politic was born of that process and much of its permanent character or personality was determined by it, {K.Davis}. The state character has changed drastically over time. The first recorded history of this area was made by the Spanish chroniclers of the Francisco Vinquez de Coronado expedition. They set out from the Rio Grande to visit region in the present central part of the state they identified as Quivira. On this trip in the summer of 1541 they found the soil to their liking and capable of growing all products of Spain. The Indians were described as being physically attractive, but they lived in grass houses and possessed no gold, the primary object of the Coronado party. Friar Juan de Padilla returned to Quivira the following year as a missionary to the Indians, he was martyred by those he sought to convert. The Kansa Indians, native to the northeastern part of the Kansas region, lived earthen lodges and depended on their gardens and hunting for food. They and the neighboring Osage Indians to the south lived a semi-nomadic life, whereas Indians making use of the western Plains region were nomadic, depending on the buffalo for food, shelter, and clothing. The Indians first seen by the Spanish in the Kansas area were too few in number to easily exploited under the colonial system of relying on masses of servil...

A Quiz About Compressing Accordion Sentences

A Quiz About Compressing Accordion Sentences A Quiz About Compressing Accordion Sentences A Quiz About Compressing Accordion Sentences By Mark Nichol Brisk, lively writing requires attending to phrasing that slows readers down and or trips them up. Be vigilant about finding ways to make sentences less wordy and more direct. Firm up these five flabby sentences, and compare your revisions with mine: 1. â€Å"The kit includes a set of five food containers, and they are dishwasher safe.† Insert the key information in the second clause of this sentence as a phrasal adjective preceding the subject: â€Å"The kit includes a set of five dishwasher-safe food containers.† 2. â€Å"In 1995, he published a book called Bowling Alone, which introduced the term ‘social capital’ into our nation’s vocabulary.† Shift the focus from the author’s act of publishing the book to the result of the publication by deleting compacting the phrase â€Å"he published a book called† to â€Å"his book,† then delete the comma and which: â€Å"In 1995, his book Bowling Alone introduced the term ‘social capital’ into our nation’s vocabulary.† (Use this solution cautiously, as such a shift in focus may cause the passage to veer from fidelity to the author’s intent.) 3. â€Å"The film was commissioned by the US Treasury Department, and it was troubled from the beginning.† When a sentence includes more than one form of the verb phrase â€Å"to be† is, was, were, and the like discover a way to eliminate at least one of them; in this case, alter what follows was in the first clause to a subordinate clause, and jettison the conjunction: â€Å"The film, commissioned by the U.S. Treasury Department, was troubled from the beginning.† (Look for opportunities in such cases to replace not one but both â€Å"to be† verbs, which are inferior in impact to more vivid verbs doing so may encourage you to be more specific, too: â€Å"The film, commissioned by the U.S. Treasury Department, suffered from bureaucratic interference from the beginning.†) 4. â€Å"Smith is president of the Ethics and Religious Liberty Commission of the Southern Baptist Convention, and frequently represents evangelicals in the media.† This sentence is improved in the same fashion as the previous one, with the additional improvement of replacing the verbose â€Å"part of the whole† construction with a â€Å"whole’s part† revision: â€Å"Smith, president of the Southern Baptist Convention’s Ethics and Religious Liberty Commission, frequently represents evangelicals in the media.† (Take care, however, that this more concentrated restructuring is not more ponderous than the original phrasing.) 5. â€Å"My cousin, who is employed as an epidemiologist at the Centers for Disease Control and Prevention, claims that a scenario similar to that one could occur if the circumstances were right.† Delete the redundant indicators that the writer’s cousin is a person (who) and is employed at the place of employment, and tighten the rest of the sentence by converting phrases that contain an adjective and follow a noun into adjectives preceding the nouns and modifying them on their own: â€Å"My cousin, an epidemiologist at the Centers for Disease Control and Prevention, claims that a similar scenario could occur under the right circumstances.† Want to improve your English in five minutes a day? Get a subscription and start receiving our writing tips and exercises daily! Keep learning! Browse the Grammar category, check our popular posts, or choose a related post below:50 Handy Expressions About HandsHow to Pronounce MobileAdverbs and Hyphens

Develop finance Assignment Example | Topics and Well Written Essays - 2500 words

Develop finance - Assignment Example b) On what basis do McKinnon and Shaw argue for financial liberalisation? Answer: McKinnon and Shaw were of the opinion that ceilings in interest rates, requirements of high reserve and restriction on allocation of credit can be accounted for the poor performance of investment mechanism. The work of the researchers is based on the role of the liberalized rates of interest on mobilization of savings as well as distribution of funds to investments that are high in earning. They indicated the role of the financial sector in order to increase the volume of savings. c) What imperfections in financial markets were disregarded by the McKinnon-Shaw style models and with what result? Answer: The hypothesis of Shaw and McKinnon is of the opinion that savings can be chocked by financial repression. They opined that only financial liberalization can lead to higher savings as well as investment which are the step to achieve accelerated growth. The hypothesis has failed to settle the debates on fi nancial liberalization. The process of financial liberalization is not at all smooth and continuous. Exogenous shocks can be held responsible for liberalization reversals in the developing countries. It is difficult to take the costs and benefits of financial liberalization into account. ... The net earnings of a country are recorded in the current account while the net change in the ownership is recorded in the capital account. The former is the sum total of balance of trade, cash transfers as well as factor incomes. The later consists of reserve account as well as the loans and investments between the country and the globe. There are mainly three types of financial capital namely equity capital, debt capital and specialty capital. The debt form of capital is injected into a business knowing that the capital must be returned back at a future date that is predetermined. The equity form of capital is the cash written by the holders of shares as well as the owners of the business into the organization that has no offsetting liabilities. The last from of capital is gold standard. It is among the few sources of capital that have almost zero economic cost. b) What are the dangers associated with international debt flows? Answer: The dangers of international debt flows are dan gers in credit rating, bankruptcy danger, judgments, loans and late payments. The credit rating is negatively affected by debts. Bankruptcy can also be thought of as one of the dangers of debt. When the debt level reaches at such a height that is infeasible to pay, bankruptcy acts as the option. But it will be unfair to think bankruptcy as debt free card. A situation of bankruptcy can also negative effects on the credit report and can also affect the availability of credit in future. A high level of debt can result in multiple late payments if the available resources are not able to cover up the payments. c) Have developing countries benefited from FDI? Answer: FDI plays a more significant role in the developing countries than in the developed countries.